KOTA KINABALU: Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor said Sabah  remains steadfast in its commitment to governance transparency and anti-corruption  efforts, which will create a conducive environment for business and investment.  

"Our adherence to international best practices, including those outlined by the United  Nations Sustainable Development Goals (SDGs), underscores our dedication to ethical  governance and accountability. 

"By upholding principles of transparency and integrity, Sabah strengthens investor  confidence and promotes long-term sustainable development," he said at the  Environment, Social, Corporate Governance (ESG) Initiatives Awareness Forum at  Magellan Sutera Harbour Resort here today. 

Finance Minister Datuk Seri Panglima Masidi Manjun delivered his speech. 

Commending Invest Sabah Berhad (ISB), ESG Sabah Chapter and Universiti Malaysia  Sabah (UMS) for successfully co-hosting the ESG Awareness Forum, the Chief Minister  said Sabah stands at a pivotal moment in its development journey, where the adoption  of ESG principles is not only essential but imperative.  

"It is the State Government’s commitment to embrace ESG not only to enhance our  environmental stewardship, but also strengthen our social fabric and governance  structures, paving the way for a more resilient and prosperous future," he said. 

Hajiji said countries across the globe have recognised the transformative power of ESG  and have integrated these principles into their policymaking and business practices,  while many business organisations have implemented comprehensive ESG  frameworks, prioritising sustainability in their operations and investments.  

Similarly, he said countries like Norway and Denmark have demonstrated leadership in  renewable energy adoption and social welfare initiatives, serving as beacons of  inspiration for nations aspiring to achieve sustainable development. 

"I am happy to share that in line with our commitment to ecosystem restoration, Sabah  has undertaken extensive reforestation programmes, planting over two million trees  across degraded landscapes.  

"These efforts not only enhance biodiversity but also contribute to carbon sequestration,  mitigating the impacts of climate change on a global scale. Hence, by integrating social  and environmental considerations, Sabah's reforestation initiatives exemplify the holistic  approach advocated by ESG principles," he said.

Hajiji said Sabah's Industrial Tree Plantation or ITP is an innovative public-private  partnership initiated by the State Forestry Department to reduce and relieve pressure on  tropical timber and forest.  

"This partnership between the Sabah state government and the timber industry is not  only an economic game-changer but crucial for conservation and sustainability. Planting  trees in areas degraded by logging activities will go a long way in achieving a carbon neutral nation by as early as 2050.  

"This effort is in line with the Environmental, Social, and Corporate Governance (ESG)  and Sustainable Development Goals (SDGs)," he said. 

According to him, Sabah has emerged as a trailblazer in the transition towards  renewable energy sources, with solar and hydroelectric power leading the charge.  

In 2024, renewable energy accounted for over 50 per cent of Sabah's total energy  production, marking a significant milestone in our journey towards energy sustainability  and independence, he said, adding this transition not only reduces carbon emissions but  also promotes social inclusivity by providing cleaner and more affordable energy to rural  communities. 

"Our commitment to social inclusivity also extends to preserving indigenous rights and  empowering rural communities. Through targeted initiatives, Sabah has invested in  critical infrastructure, education, and healthcare, ensuring equitable access to  opportunities for all segments of society.  

"By prioritising social welfare alongside economic development, Sabah demonstrates its  dedication to the "S" aspect of ESG, fostering inclusive growth and community  resilience," he said. 

The Chief Minister said the ESG Forum was significant as it served as a catalyst for  innovation, collaboration, and knowledge exchange, fostering synergies that transcend  borders and cultures.  

"I believe the discussions and recommendations would be important for us to take note  hence take this opportunity to forge partnerships, exchange best practices, and chart a  course towards a more sustainable and inclusive future for Sabah and beyond," he said. 

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